Looking to diversify beyond MENYX? The mutual funds below have the lowest correlation with MENYX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from MENYX.
Best Diversifiers for MENYX
3 mutual funds have low correlation with MENYX (below 0.3), 0 of which are negatively correlated. The least correlated is Madison Tax-Free National Fund (GTFHX) (Municipal Bonds) with a 1Y correlation of 0.03, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Madison Tax-Free National Fund | 0.03 | 0.09 | 0.08 | 76 | Municipal Bonds | MENYX vs GTFHX | |
| Virtus Equity & Convertible Income Fund | 0.20 | 0.42 | 0.57 | 70 | Derivative Income | MENYX vs NIE | |
| BlackRock Enhanced Large Cap Core Fund | 0.24 | 0.42 | 0.57 | 85 | Derivative Income | MENYX vs CII | |
| Invesco Income Advantage U.S. Fund | 0.40 | 0.56 | 0.70 | 71 | Derivative Income | MENYX vs SCAUX | |
| WisdomTree Equity Premium Income Fund | 0.41 | 0.49 | 0.59 | 55 | Derivative Income, S&P 500 | MENYX vs PUTW |
See all 9 diversifiers for MENYX
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